Ficci to hold Nepal Investment Summit in India

Aiming to enhance India's investments in Nepal, Ficci today said it will hold a Nepal Investment Summit in India in the near future.

The decision was taken by Ficci President Sidharth Birla during his meeting with Nepal's Prime Minister Sushil Koirala, who was on a two-day visit to India to attend the swearing-in ceremony of his Indian counterpart Narendra Modi.

Koirala informed Ficci about the opportunities being thrown up as a result of a stable Government in Nepal and the opening up of its economy.

"To explore these prospects, Ficci in collaboration with Nepal's Board of Investment will be working together to hold a Nepal Investment Summit in India in the near future," Birla said.

"The objective of this investment summit is to energise India's investments into Nepal and help Nepal enhance its industrial capacity leading to a favourable trade balance between the two neighbours," he added.